Microsoft settles New Mexico suit

Company to offer consumers $31.5 million in vouchers

By

MichaelPaige

LOS ANGELES (CBS.MW) -- Microsoft settled a New Mexico class-action lawsuit by agreeing to offer affected consumers vouchers worth up to $31.5 million, which can be used to purchase various software titles and computer products, the company and lawyers for the plaintiffs said Tuesday.

The suit alleged the world's largest software company
MSFT, +1.50%
violated New Mexico's antitrust and unfair competition laws.

Under the settlement, which late last week won preliminary approval from a New Mexico district court judge, Microsoft will give the state's public schools half of the unclaimed and unredeemed vouchers.

The vouchers will be made available to public schools in which half or more of the students are eligible for reduced-fee or free meals under the national school lunch program, or distributed as determined by the judge.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.